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# Sacombank Appoints Nguyen Duc Thuy as Acting CEO, Replacing Nguyen Thanh Nhung
- URL: https://www.theglobalbanker.com/sacombank-appoints-nguyen-duc-thuy-acting-ceo-december-2025/
- Published: 2025-12-23T14:33:00.000Z
- Updated: 2026-10-02T14:32:34.000Z
- Description: Vietnam's Sacombank has appointed Nguyen Duc Thuy as Acting CEO, replacing Nguyen Thanh Nhung who had held the acting role since May 2025.
- Author: TGB Editorial Team
- Tags: Executive Moves, Asia-Pacific, #archive

Saigon Thuong Tin Commercial Bank, widely known as Sacombank, appointed Nguyen Duc Thuy as its Acting Chief Executive Officer on 23 December 2025\. 

Thuy, a former chairman of LPBank (December 2022 to end-2025), succeeds Nguyen Thanh Nhung, who had served as Acting CEO since May 2025\. Nhung had held the post on an acting basis for about seven months. 

#### RESTRUCTURING BACKGROUND

Sacombank has been in a restructuring process since the mid-2010s, when the bank absorbed a large volume of non-performing assets. 

Sacombank announced the appointment on its website on 23 December 2025\. The bank has not announced a timeline for the acting arrangement, but said the appointment is intended to address its priorities of reducing non-performing loans, strengthening operational management, improving net interest margins and resolving legacy issues in the final phase of its restructuring.